Yes, the elderly have a lot to teach us.

Defining "torch bearer" as a person who can teach others from their own wisdom, the elderly have gone before and can certainly offer a lot of wisdom to younger generations. Sadly, in American society today, we often segregate ourselves by age, so that younger people aren't commonly around the older generations. We need to make sure that the elderly are given the respect and attention they deserve, because they have gone before us and lived through the same types of things we have. There is a lot they can teach us.